Nov 8, 2007

Finally 3.0

Ok, this module Concept and developement is finally completely done. Before the meeting with the alm guys, the bankers and the investors me and Emil took a coffee and went thru our speeches once again. When you get there there is actually two escalators leading to the entrance to the bank so it all looks pretty cool. I think i have one picture of that from yesterdays post. Anyway it actually felt pretty exciting going to the bank all dressed up and with that fake smile that all thoose investors always have... Well we got into the room and plugged in the computer with the keynote presentation on. Actually it went pretty well even if someone had a small problem with their speech. Anyway when we are done with everything the first comment we get is "i can see on your budget that you will be bankrupt within a 5 month period".

It felt like a punch in my stomach. Seriously, could we have calculated that wrong and how couldnt we have seen it... When we were out of the office and looked it through he actually had seen it all wrong. Stupid financers, cant read and cant talk english either. Theyre a shame for Swedbank... Haha!

Well, we didnt get the money we wanted, ill understand them though. After listening to our presentation our whole business idea was pretty unclear. We should have describe our software selling alot more and i can think of 1000 things i could do better. But hey! Atleast i think we did a hellof a job so i dont really care if we didnt get the like 500.000 that we asked for. I think i did a nice presentation and i actually think with some good advertising our ReRoom could work really nice. And if we got the money we wouldnt really go thru with it anyway so there were no loss.

We only got 1 group in the class that actually got the money from the bank. And no offence now guys but got damn! It was a so strange idea and personally i really not think that it would work so i really think that was a strange thing. Of course they got 1 guy in the group that has worked with theese kinda stuff for a pretty long time so maybe therefore they got some more experience then we did, but no idea of whining. Congratulations guys!

Ok so after the whole presentation we were supposed to get back to school again, we were supposed to get a "fun personal task" that were supposed to be done in 24 hours. Fun ey? We were supposed to read through all the business plans from every group (there was 10 of em) and comment on their business... Hyper Island... wtf?

So today i actually made that and we made some evaluation on this module. Really hope they hear our critisism and do something about it this time. Time for me too sleep now, theres a time tomorrow aswell. Nighy night.

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